Culminating a four-year-long process, a key working group of insurance regulators has adopted new standards for determining whether an investment held by an insurance company should be characterized as a “bond” evidencing a...more
Insurers and others are closely following efforts by the National Association of Insurance Commissioners (NAIC) to develop a new, comprehensive, “principles-based” definition of debt securities for purposes of insurers’...more
Commercial Property Assessed Clean Energy (CPACE) programs present a financing option that commercial real estate owners might consider to get through leaner times. Under a CPACE program, a property owner can borrow money to...more
In a previous issue of FundsTalk, we discussed collateralized fund obligations (CFOs), investments backed by portfolios of private investment fund interests. In recent months, the National Association of Insurance...more
11/4/2019
/ CFOs ,
Consumer Insurance Products ,
Debt Instruments ,
Equity ,
Financial Regulatory Reform ,
Investment ,
Investment Portfolios ,
NAIC ,
Private Investment Funds ,
Public Comment ,
Rulemaking Process ,
Working Groups
Structured finance transactions, whether of the CLO or CDO variety, are highly regulated today, following the losses certain types of these products suffered in and around the 2008 financial crisis. Nevertheless, with the...more
New York City Council recently passed the Climate Mobilization Act, which contains six measures designed to reduce greenhouse gas emissions produced by the city’s built environment. ...more
6/4/2019
/ Carbon Emissions ,
City Councils ,
Energy Conservation ,
Environmental Policies ,
Greenhouse Gas Emissions ,
PACE ,
Popular ,
Power Plants ,
Regulatory Agenda ,
State and Local Government ,
Wind Farm
The New York Appellate Division of the Supreme Court, First Department recently confirmed the legality of properly structured litigation financing agreements....more
An innovative type of securitized asset is increasingly popular among fund managers, specifically bonds backed by commercial Property Assessed Clean Energy (C-PACE) special tax assessments. ...more